Audition is one crazy Japanese film. If you haven't seen it yet, it's a you need to experience to believe. It's based on the 1997 novel by Ryu Murakami, and the story follows "a lonely widower who gets more than he bargains for when he puts out a fake casting call to find a new girlfriend." The events that follow are unbelievably insane!
The original film was directed by Takashi Miike, and it has gained quite a large cult following since its release in 1999. The new film will be directed by Richard Gray, and Deadline gives some details on the story saying that the "unlucky protagonist is Sam Davis, who lives alone with his son following the death of his wife seven years prior and is convinced by a filmmaker friend to stage the fake auditions. The former ballerina with a mysterious past he falls for is now named Evie Lawrence, but otherwise details fall closely in line with Murakami’s best-seller."
It's good that they are going to stay in line with the original story. Japanese filmmakers tend to take things more to the extreme than American filmmakers though, so who knows how far Gray will take the story in his version.
Gary also adapted the script for the film and it's set to go into production this fall. He previously made a crime thriller called The Lookalike, which has yet to be released.